Edarat Communication And Information Technology Co (SAU:9557) Change In Receivables : ﷼-20.86 Mil (TTM As of Dec. 2023)

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What is Edarat Communication And Information Technology Co Change In Receivables?

Edarat Communication And Information Technology Co's change in receivables for the quarter that ended in Dec. 2023 was ﷼-12.83 Mil. It means Edarat Communication And Information Technology Co's Accounts Receivable increased by ﷼12.83 Mil from Jun. 2023 to Dec. 2023 .

Edarat Communication And Information Technology Co's change in receivables for the fiscal year that ended in Dec. 2023 was ﷼-20.86 Mil. It means Edarat Communication And Information Technology Co's Accounts Receivable increased by ﷼20.86 Mil from Dec. 2022 to Dec. 2023 .

Edarat Communication And Information Technology Co's Accounts Receivable for the quarter that ended in Dec. 2023 was ﷼14.51 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Edarat Communication And Information Technology Co's Days Sales Outstanding for the six months ended in Dec. 2023 was 65.61.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Edarat Communication And Information Technology Co's liquidation value for the six months ended in Dec. 2023 was ﷼-1.90 Mil.

Edarat Communication And Information Technology Co Change In Receivables Historical Data

The historical data trend for Edarat Communication And Information Technology Co's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Edarat Communication And Information Technology Co Change In Receivables Chart

Edarat Communication And Information Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Change In Receivables

-1.45

-3.36

-20.86

Edarat Communication And Information Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Receivables	-	8.58	-11.94	-8.03	-12.83

Edarat Communication And Information Technology Co Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was ﷼-20.86 Mil.

Edarat Communication And Information Technology Co (SAU:9557) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Edarat Communication And Information Technology Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	14.512	/	40.367	*	91
=	65.61

2. In Ben Graham's calculation of liquidation value, Edarat Communication And Information Technology Co's accounts receivable are only considered to be worth 75% of book value:

Edarat Communication And Information Technology Co's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8.899	-	21.684	+	0.75 * 14.512	+	0.5 * 0
=	-1.90

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Edarat Communication And Information Technology Co (SAU:9557) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Nasir Bin Saud Bin Farhan Al Saud Street, Al Yasmeen District, Riyadh, SAU, 13322

Website

https://www.edaratgroup.com

Edarat Communication And Information Technology Co is a Cloud Service Provider, and a Data Center Consulting Company. It is a technology services company delivering critical facilities engineering, technology consulting, and cloud-managed services that help its clients build, modernize and transform their IT infrastructure to support their business strategies. Its services include advisory, data center engineering, smart cities & smart building technology (IoT), workload migration, and cloud services.

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